IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Firm’S Financing And Industrial Structure In The Less Developed Regions Of The South Italy

  • Anna GIUNTA
  • Domenico SARNO

The paper shows that there is a relationship between firm’s financial condition and the industrial specialization model of the Italian Mezzogiorno, that is the least developed area of the country. In order to analyze the financial status of the firms, the approach of the theory of the finance is adopted. The empirical model proposed by the Gibrat law literature is used to produce the estimates of the relationship between firms’ growth and cash flow. Then, the indices measuring the “financial dependence†on the internal finance or the “financial constraints†to the firm growth of the Mezzogiorno’s industries are compared to those of the other Italian regions. Finally, the analysis of the between the emerging financial condition of the firms and both the firm side distribution of the individual industries and the composition of the manufacturing of the South Italy is proposed. Our econometric analyses, carried out on a representative sample of manufacturing firms, confirm that there is a robust relationship between financial status of the firms and the specialisation model of manufacturing of the Italian Mezzogiorno.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.jaes.reprograph.ro/articles/winter2009/GiuntaA_SarnoD.pdf
Download Restriction: no

Article provided by Spiru Haret University, Faculty of Financial Management and Accounting Craiova in its journal Journal of Applied Economic Sciences.

Volume (Year): 4 (2009)
Issue (Month): 4(10)_Winter2009 ()
Pages: 509-525

as
in new window

Handle: RePEc:ush:jaessh:v:4:y:2009:i:4(10)_winter2009:p:83
Contact details of provider: Web page: http://www2.spiruharet.ro/facultati/facultate.php?id=14

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ush:jaessh:v:4:y:2009:i:4(10)_winter2009:p:83. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Laura Stefanescu)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.